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Bullish Moving Average Cross by Natl Oilwell Var (NOV)

By Shiri Gupta

Natl Oilwell Var (NYSE:NOV) crossed over its 10-day moving average of $19.31 on a volume of 334K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Natl Oilwell Var have traded between a low of $18.05 and a high of $47.46 and are now at $19.58, which is 8% above that low price. The 200-day and 50-day moving averages have moved 1.01% lower and 0.55% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Natl Oilwell Var. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Natl Oilwell Var in search of a potential trend change.

Keywords: moving crosses natl oilwell var

Ticker(s): NOV